What type of controlled substance is characterized by potential low physical or psychological dependence?

The classification of controlled substances is essential in understanding their potential for abuse and dependence. Schedule IV substances are indeed characterized by a potential for low physical or psychological dependence compared to substances in higher schedules. This schedule includes drugs that have accepted medical uses but carry a lower risk for addiction and abuse, making them less strictly regulated than those in higher schedules such as I, II, or III.

For instance, drugs like benzodiazepines fall under this category, which can be prescribed for various conditions such as anxiety or insomnia. The controlled substance schedule system is vital for pharmacists and healthcare providers as it dictates prescribing practices, storage requirements, and record-keeping mandates.